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Author: grahamsway One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 806  
Subject: Olin Corp ? Date: 3/11/2014 10:10 PM
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I've been looking at Olin Corp OLN a bit but haven't had time to really get into it. Here's the gist:

Olin Corporation is a manufacturer concentrated in three business segments: Chlor Alkali Products, Chemical Distribution and Winchester. Chlor Alkali Products, with nine U. S. manufacturing facilities and one Canadian manufacturing facility, produces chlorine and caustic soda, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. Chemical Distribution manufactures bleach products and distributes caustic soda, bleach products, potassium hydroxide and hydrochloric acid. Winchester, with its principal manufacturing facilities in East Alton, IL and Oxford, MS, produces and distributes sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.

The main business appears:

Chlor Alkali Products sales for the fourth quarter of 2013 were $322.2 million compared to $336.4 million in the fourth quarter of 2012. Lower selling prices more than offset higher sales volumes. Chlorine and caustic soda volumes increased 2.5% compared to the fourth quarter 2012 levels, fourth quarter 2013 hydrochloric acid volumes increased 15% compared to the fourth quarter of 2012, fourth quarter 2013 potassium hydroxide volumes increased 7% compared to the fourth quarter of 2012, and bleach volumes increased 6% in the fourth quarter of 2013 compared to the fourth quarter of 2012. The fourth quarter 2013 ECU netback declined approximately 9% compared to the fourth quarter of 2012 netback. Fourth quarter 2013 Chlor Alkali segment earnings declined from $54.3 million in the fourth quarter of 2012 to $30.7 million in the fourth quarter of 2013. The year-over-year decline in segment earnings reflects lower ECU netbacks which more than offset increased shipments of chlorine, hydrochloric acid, bleach and potassium hydroxide.

http://www.sec.gov/Archives/edgar/data/74303/000007430314000...

This would seem to imply that there is plenty of either domestic or easily accessible foreign production for these chemicals out there.

Does anyone know if that assumption is true?

And how complicated is it to make the Chlor Alkali stuff Olin makes?


Thanks for any info.
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